Marathon Petroleum Corporation $MPC Shares Newly Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new position in Marathon Petroleum Corporation (NYSE:MPC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,668 shares of the oil and gas company’s stock, valued at approximately $2,637,000.

Several other large investors also recently made changes to their positions in MPC. Illinois Municipal Retirement Fund increased its position in Marathon Petroleum by 4.9% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 67,579 shares of the oil and gas company’s stock valued at $26,722,000 after acquiring an additional 3,152 shares during the period. Knights of Columbus Asset Advisors LLC bought a new stake in Marathon Petroleum during the 3rd quarter valued at $1,830,000. AMG National Trust Bank raised its stake in Marathon Petroleum by 0.5% during the 3rd quarter. AMG National Trust Bank now owns 15,660 shares of the oil and gas company’s stock valued at $6,192,000 after acquiring an additional 76 shares in the last quarter. 626 Financial LLC acquired a new position in Marathon Petroleum during the 3rd quarter worth $228,000. Finally, D Orazio & Associates Inc. boosted its position in Marathon Petroleum by 1.5% during the 3rd quarter. D Orazio & Associates Inc. now owns 1,795 shares of the oil and gas company’s stock worth $710,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In related news, VP Erin M. Brzezinski sold 570 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the transaction, the vice president owned 1,576 shares of the company’s stock, valued at $571,757.04. This trade represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Shawn M. Lyon sold 1,000 shares of Marathon Petroleum stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $375.75, for a total value of $375,750.00. Following the transaction, the senior vice president directly owned 11,194 shares in the company, valued at approximately $4,206,145.50. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 19,191 shares of company stock valued at $6,905,127. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Price Performance

NYSE MPC opened at $402.73 on Thursday. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $493.98. The firm has a market capitalization of $109.65 billion, a PE ratio of 13.84, a P/E/G ratio of 0.10 and a beta of 0.53. The company’s 50 day simple moving average is $422.83 and its 200 day simple moving average is $298.62. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.45 and a quick ratio of 1.09.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 earnings per share for the quarter, topping analysts’ consensus estimates of $25.37 by $1.56. The firm had revenue of $56.03 billion during the quarter, compared to the consensus estimate of $46.60 billion. Marathon Petroleum had a return on equity of 55.82% and a net margin of 8.27%. The firm’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.01 earnings per share. As a group, equities research analysts forecast that Marathon Petroleum Corporation will post 66.31 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Marathon Petroleum’s payout ratio is currently 13.75%.

Analyst Ratings Changes

MPC has been the subject of several recent analyst reports. Mizuho increased their price target on Marathon Petroleum from $304.00 to $457.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. UBS Group set a $510.00 price objective on shares of Marathon Petroleum in a research note on Friday, October 9th. Morgan Stanley lifted their price objective on shares of Marathon Petroleum from $453.00 to $458.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. TD Cowen upped their price objective on shares of Marathon Petroleum from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Finally, Zacks Research upgraded shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $425.12.

Marathon Petroleum Profile

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks. The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.